London’s AIM index managed to rack up modest gains during Thursday’s session, although doubtless until there is better direction on who will replace Boris Johnson – and how quickly he will retire – UK markets in general could struggle. As of 4:30 p.m., the index was nearly five points higher at 879.34.
- Simec Atlantis +101%
- Eurasia Mining +45%
- Quantum Blockchain +24%
- Novacyt -24%
- Nanosynth -20%
Simec Atlantis [LON:SAE] topped the board today, jumping just over 100% after announcing the government had agreed to guarantee 15 years of tidal power generation by setting a guaranteed price now. This will allow the world’s first commercial tidal network to be deployed on a large scale.
Mining in Eurasia [LON:EUA] also advanced by 45%. There’s no news here, but it has helped reverse some of those losses the stock has racked up over the past few days. The closing spread was a rather wide 7% and although volumes were strong, they were far from remarkable.
A notable mention for quantum blockchain [LON:QBT] which is up 24% today. There is no news, but with bitcoin appearing to have found some support, this could impact the stock price.
Novacyt [LON:NCYT] was the worst performer of the day, down 24% following a trade update. This signaled a faster than expected decline in sales and COVID-related revenue for the full year is now expected to be around £25m, significantly below the previously reported £35-45m.
Nanosynth [LON:NNN] was the second biggest faller, with 20% off by the bell. A strategy update and news from directors buying shares has supported the price in recent days, suggesting that this sell-off may be nothing more than opportunistic profit-taking.